GM Fund Rejects 91 Percent of Ignition Switch Claims
Posted on behalf of Arnold Law Firm on Aug 31, 2015 in Recalls
In February 2014, General Motors (GM) issued a massive recall of more than 2.6 vehicles with faulty ignition switches, which could shut off the engine during driving and thus prevent the airbags from inflating during an accident. The defective switches can be bumped by a heavy key chain or knee and move the ignition switch out of the run position.
Attorney Kenneth Feinberg was hired by GM to manage compensation for crash victims of the faulty switches. Of the more than 4,000 claims submitted to Feinberg's office, an estimated 91 percent were rejected.
The ignition switches were linked to 124 deaths and 275 injuries. Of the 275 injury claims approved, 258 were for minor injuries which required outpatient treatment or hospitalization within 48 hours of the accident. The other 17 injury claims were for serious injuries involving double amputation, pervasive burns, quadriplegia, paraplegia and permanent brain damage.
GM set aside $625 million to pay victims. Death claims may be eligible to receive $1 million in compensation and $300,000 for a surviving spouse and any dependents. For victims of severe injuries, payouts vary and may exceed the death claim payouts. Payments from $20,000 to $500,000 may be available for eligible minor injury claimants.
If you have been injured in an auto accident or find yourself the victim of a faulty ignition switch incident, contact Arnold Law Firm right away.
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